If recession made a "bad situation worse", tend to both the causes and the effects, instead of pretending nothing can be done about either one (Marcus Nunes): http://thefaintofheart.wordpress.com/2014/08/28/is-rbc-theory-winning-out/
The correlation between labor markets and inflation targeting is practically nil: http://thefaintofheart.wordpress.com/2014/08/29/slaves-to-the-misguided-phillips-curve/
Not all the Fed actions of the thirties were futile...http://thefaintofheart.wordpress.com/2014/08/30/distorted-mirrors/
"Few see that the Great Moderation was all about Nominal Stability, under the purview of the Fed." This stability protected the economy from "dark corners". http://thefaintofheart.wordpress.com/2014/08/31/the-great-recession-was-the-bastard-child-of-the-great-moderation/
Recession is made worse by bank loss, but bank loss does not initiate the process: http://thefaintofheart.wordpress.com/2014/09/01/contrasting-views-one-drags-and-keeps-the-economy-down/
The seventies years which Benjamin Cole recalls fondly in this post, were good years for me as well: http://thefaintofheart.wordpress.com/2014/08/31/remembering-prosperity-in-a-forgotten-time/
While I agree with Scott Sumner that Americans need to be saving more, some folk need more flexible (hence liquid) options to do so: About those struggling middle class Americans
A response to the challenge from Lars Christensen, re China: Either Lars or I am really, really wrong
When a black swan does appear, it's hard to see anything else...Moral Hazard: If you are not taking socially excessive risks, you aren't doing your job
From Econlog (Scott Sumner): Have we experienced intellectual decay?
Predicting bubbles just isn't that helpful
Lars Christensen has his doubts about China! http://marketmonetarist.com/2014/08/27/china-might-never-become-the-biggest-economy-in-the-world/
A closer look at that "rare" disagreement with Scott, although the issue is non monetary: http://marketmonetarist.com/2014/08/30/dont-bet-on-a-real-appreciation-of-the-renminbi/
(Josh Hendrickson) Is the price of money changing? http://everydayecon.wordpress.com/2014/09/02/on-the-price-of-money-and-monetary-policy/
(David Glasner) By no means were changes in the gold standard easy to discern: http://uneasymoney.com/2014/08/27/real-and-pseudo-gold-standards-could-friedman-tell-the-difference/
Hume's mistake: Tradable goods as a relative international price constant, do not adjust to changes in the gold standard. http://uneasymoney.com/2014/09/01/sterilizing-gold-inflows-the-anatomy-of-a-misconception/
(Bill Woolsey) More than prices and output are at stake: http://monetaryfreedom-billwoolsey.blogspot.com/2014/08/kevin-grier-criticized-market.html
The equation of exchange is more than just an identity: http://monetaryfreedom-billwoolsey.blogspot.com/2014/08/the-equation-of-exchange.html
The seventh market doesn't have to be in equilibrium (Nick Rowe): http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/08/a-simple-question-about-walras-law.html
Little else makes it so difficult to think clearly about money: http://worthwhile.typepad.com/worthwhile_canadian_initi/2014/09/its-the-inflation-fallacy-duh.html
Deflation in Europe likely has bearing on the recent divergence (David Beckworth): http://macromarketmusings.blogspot.com/2014/09/another-bond-market-conundrum.html
Paradigms often come ready made (Kevin Erdmann) http://idiosyncraticwhisk.blogspot.com/2014/09/framing-is-everything.html
"Hard money is not a mistake" (Steve Randy Waldmann) http://www.interfluidity.com/v2/5561.html
Kevin Drum responds, also the Paul Krugman post re inflation and the seventies perspective.
Also of interest:
To say that Brad Delong is not happy with our current growth trajectory, would be putting it mildly: http://www.project-syndicate.org/commentary/j--bradford-delong-argues-that-it-is-time-to-call-what-is-happening-in-europe-and-the-us-by-its-true-name
About that experiential factor...(Giles Wilkes) http://freethinkecon.wordpress.com/2014/09/01/stronger-brands-stronger-economy/
Bryan Caplan: How to teach the income and substitution effect
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